Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$318,176$318,176$508,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$190,324$0
Funding fee$1,591$1,591$0
Note rate3.220%3.220%7.400%
Blended rate3.220%5.009%7.640%
1st payment$1,529.00$1,529.00$3,520.75
2nd payment$0.00$1,268.83$0.00
Taxes / mo$390.58$390.58$390.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$6.67$6.67$6.67
Total monthly$2,092.92$3,361.75$4,186.37
Cash to close$246,824$56,500$56,500